Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
Politics
Cait Kelly

What cost-of-living crisis? Australians splashing the cash on luxury bags, health clubs and art

Alex Leung at The Purse Affair
Owner Alex Leung at The Purse Affair in Melbourne, which specialises in secondhand high-end bags. Photograph: Ellen Smith/The Guardian

Alex Leung brings out a small box. It’s covered in the rich orange of Hermès, one of the world’s most expensive luxury brands, and sits on the counter, elaborately embossed logo on the outside. Inside is a handbag made of alligator skin and tanned green. It’s secondhand but comes with a $85,000 price tag. You could fit a phone in it and not much more.

Casually he moves a $20,000 vintage Chanel handbag out of the way, to the other side of his desk. It almost seems a steal sitting in such proximity to the smaller, rarer Hermès that would cost the price of a deposit for an apartment.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.